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July 18, 2012 12:16 am GMT

Yahoo Reports Revenue Of $1.22B, Earnings At 27 Cents Per Share

yahoo-logoYahoo just reported its second quarter 2012 earnings with revenues coming in at $1.2 billion, down one percent compared to the quarter a year ago. Revenues excluding traffic acquisition costs were $1.081 billion, flat compared to a year ago.Net income was million, earnings per share were $0.27, compared to net income of $237 million and earnings per share of $0.18. Income from operations was only $55 million down 71 percent from $191 million a year ago. Non-Gaap earnings per share (non-GAAP) were $0.27, up 47 percent compared to $0.18 a year ago, and easily beating analysts expectations, with net earnings per diluted share at $0.18.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/76X32iZ17-I/

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